tmmonline.nz  |   landlords.co.nz        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Monday, March 8th, 7:45PM

News

rss
Latest Headlines

News Round Up

Tower sells index fund, Comprehensive and credible rating system needed, Jim Minto features in latest investor interview, Nat Bank funds winding up, SAI opens in Christchurch.

Monday, July 3rd 2006, 5:52AM
Tower is negotiating to sell its Australian 20 Leaders Index Fund (Tortis OZY) to the NZX-owned Smartshares. Under the proposal Smartshares would take the management role.

Comprehensive and credible rating system needed
Instant Finance chief executive Richard de Lautour says that a comprehensive and credible system of assessing finance companies needs to be implemented in New Zealand. [more]

Investor Interview: Tower: Jim Minto
Jenny Ruth talks to Tower managing director Jim Minto in this month’s Sharechat Investor Interview [more]

Property Development fund a hit
The St Laurence Property Development Fund closed fully subscribed on Friday raising $20 million in total.

This comprises the initial amount of $10 million plus over-subscriptions of a further $10 million. This amount, together with the $2 million of equity that St Laurence subscribed for, creates a development fund of $22 million.

The fund gives investors access to a variety of commercial property development opportunities. It will invest in development projects ‘in partnership’ with proven and reputable developers, in projects that meet the fund’s strict investment criteria.

Nat Bank funds winding up
All the National Bank single sector unit trusts are being closed, following ING’s acquisition of the bank’s fund management business.

The formal wind-up process begins on September 29 and investors are being given the choice of transferring to an ING fund, cashing up or staying in the fund until wind up.

SAI Life arrives in Christchurch
Dorchester owned SAI Life has opened an office in Christchurch reflecting the company’s long-term commitment to the South Island.

“We see Christchurch as the natural place to have a base to service the South Island. Formally opening an SAI office here is an important step in our growth and we look forward to further developing our business through the innovative financial products we offer,” chief executive Mark Darrow says.

SAI Life aims to have 15 agents based in Christchurch by the end of the year. Fund managers supporting the savings and investment products offered by SAI include ING and ABN AMRO Craigs.

SAI Life offers reverse annuity mortgages and the SuperLife contract savings scheme.

« News Round UpSovereign takes regulation bull by the horns »

Special Offers

Commenting is closed

 

print

Printable version  

print

Email to a friend
News Bites
Latest Comments
Subscribe Now

Weekly Wrap

Previous News
Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
AIA 4.55 2.29 2.59 2.65
ANZ 4.44 2.89 3.25 3.39
ANZ Special - 2.29 2.69 2.79
ASB Bank 4.45 2.29 2.59 2.65
Bluestone 3.49 3.34 2.99 3.34
BNZ - Classic - 2.29 2.59 2.79
BNZ - Mortgage One 5.15 - - -
BNZ - Rapid Repay 4.60 - - -
BNZ - Std, FlyBuys 4.55 2.89 3.19 3.39
BNZ - TotalMoney 4.55 - - -
CFML Loans 4.95 - - -
Lender Flt 1yr 2yr 3yr
China Construction Bank 4.49 4.70 4.80 4.95
China Construction Bank Special - 2.65 2.65 2.80
Credit Union Auckland 5.45 - - -
Credit Union Baywide 5.65 3.95 3.85 -
Credit Union South 5.65 3.95 3.85 -
First Credit Union Special 5.85 2.95 3.45 -
Heartland Bank - Online 2.50 1.99 2.35 2.45
Heretaunga Building Society 4.99 3.50 3.40 -
HSBC Premier 4.49 2.25 2.35 2.65
HSBC Premier LVR > 80% - - - -
HSBC Special - 1.99 - -
Lender Flt 1yr 2yr 3yr
ICBC 3.69 2.25 2.35 2.65
Kainga Ora 4.43 ▼2.67 ▼2.97 3.13
Kainga Ora - First Home Buyer Special - 2.25 - -
Kiwibank 3.40 3.20 3.50 3.50
Kiwibank - Offset 3.40 - - -
Kiwibank Special 3.40 2.35 2.65 2.65
Liberty 5.69 - - -
Nelson Building Society 4.95 3.20 3.24 -
Pepper Essential 4.79 - - -
Resimac 3.39 3.35 2.99 3.35
SBS Bank 4.54 2.79 2.79 3.15
Lender Flt 1yr 2yr 3yr
SBS Bank Special - 2.29 2.29 2.65
Select Home Loans 3.49 3.34 2.99 3.34
The Co-operative Bank - First Home Special - 2.09 - -
The Co-operative Bank - Owner Occ 4.40 2.29 2.59 2.79
The Co-operative Bank - Standard 4.40 2.79 3.09 3.29
TSB Bank 5.34 3.09 3.29 3.45
TSB Special 4.54 2.29 2.49 2.65
Wairarapa Building Society 4.99 3.55 3.49 -
Westpac 4.59 3.09 3.29 3.39
Westpac - Offset 4.59 - - -
Westpac Special - 2.29 2.69 2.79
Median 4.55 2.73 2.99 2.80

Last updated: 8 March 2021 8:01am

About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
 
Site by Web Developer and eyelovedesign.com